Wednesday, October 31, 2012

Car Loan? Let tenure decide the type of loan you take this season | Firstpost

A long discussion & suggestion to go for floating rate for long tenor on car loans, this festive season.
With the interest rates seemingly having peaked now, simple logic says go for a floating rate & get benefit thereof.

But would not suggest long tenor, esp 5 to 7 years. It is always better to go for less than 5 years. Long tenor means we are stretching ourselves, for a simple mode of transportation/commuting. Not worth it. Dream car can wait :) Savings as much important!!

A good idea would be to look at in-house finance options from some of the manufacturers also.

And last but not least, negotiate hard 

Happy & Safe Driving!

Car Loan? Let tenure decide the type of loan you take this season | Firstpost

1 comment:

sachin said...

Nice Blogg... nice information you provide... thanx for the information.